Steven Madden, Ltd. $SHOO Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its stake in Steven Madden, Ltd. (NASDAQ:SHOO) by 57.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,517 shares of the textile maker’s stock after acquiring an additional 23,173 shares during the quarter. Tectonic Advisors LLC owned 0.09% of Steven Madden worth $2,844,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SHOO. GAMMA Investing LLC raised its position in Steven Madden by 2.6% in the second quarter. GAMMA Investing LLC now owns 9,984 shares of the textile maker’s stock valued at $420,000 after purchasing an additional 257 shares during the period. Versant Capital Management Inc lifted its stake in Steven Madden by 17.0% during the third quarter. Versant Capital Management Inc now owns 3,543 shares of the textile maker’s stock worth $159,000 after purchasing an additional 516 shares in the last quarter. Abel Hall LLC boosted its position in shares of Steven Madden by 9.2% during the third quarter. Abel Hall LLC now owns 6,320 shares of the textile maker’s stock worth $283,000 after buying an additional 533 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of Steven Madden by 16.6% during the third quarter. Central Pacific Bank Trust Division now owns 4,492 shares of the textile maker’s stock worth $201,000 after buying an additional 640 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Steven Madden in the second quarter valued at $32,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.

Insider Buying and Selling at Steven Madden

In other news, Director Arian Reed sold 1,250 shares of Steven Madden stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $48.76, for a total value of $60,950.00. Following the completion of the transaction, the director owned 8,196 shares in the company, valued at approximately $399,636.96. This trade represents a 13.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Al Ferrara sold 3,918 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $48.26, for a total value of $189,082.68. Following the transaction, the director directly owned 26,197 shares of the company’s stock, valued at approximately $1,264,267.22. This represents a 13.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,086 shares of company stock valued at $440,212 in the last quarter. Corporate insiders own 2.21% of the company’s stock.

Steven Madden Stock Down 2.7%

Shares of NASDAQ:SHOO traded down $1.21 during trading on Friday, hitting $43.21. The company’s stock had a trading volume of 1,298,936 shares, compared to its average volume of 1,028,164. The business has a 50 day moving average price of $44.25 and a two-hundred day moving average price of $42.83. The company has a market capitalization of $3.16 billion, a PE ratio of 21.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.91. Steven Madden, Ltd. has a fifty-two week low of $31.33 and a fifty-two week high of $49.70.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings data on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The business had revenue of $665.87 million for the quarter, compared to analyst estimates of $635.39 million. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, research analysts expect that Steven Madden, Ltd. will post 2.15 EPS for the current fiscal year.

Steven Madden Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Friday, September 11th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.84 dividend on an annualized basis and a yield of 1.9%. Steven Madden’s dividend payout ratio (DPR) is currently 42.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (up from $40.00) on shares of Steven Madden in a report on Friday, July 31st. BMO Capital Markets initiated coverage on Steven Madden in a report on Tuesday, September 8th. They set an “outperform” rating and a $60.00 target price for the company. Williams Trading set a $56.00 target price on Steven Madden in a research report on Monday, August 3rd. Citigroup reiterated a “buy” rating and set a $55.00 price target (up from $45.00) on shares of Steven Madden in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Steven Madden from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.80.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.